Xin Lang Ji Jin·2025-11-26 11:47Core Insights - The positive news surrounding Alibaba has significantly boosted the domestic AI industry chain, leading to increased market sentiment [1][3] - The domestic AI industry is experiencing a surge in confidence due to two major developments: Singapore's shift to Alibaba's open-source AI model and the rapid growth of Alibaba's AI assistant app [3] Market Performance - The Science and Technology Innovation Artificial Intelligence ETF (589520) saw an intraday increase of 1.94%, closing up 1.06%, with a total trading volume of 44.52 million yuan [1] - Key stocks in the ETF include: - Lexin Technology, leading with over a 5% increase - Chip companies such as Chipone and Cambricon, rising over 5% and 4% respectively - Hengxuan Technology, which provides chips for Alibaba's AI glasses, increased by over 2% [1] Industry Developments - Singapore's National AI Strategy (AISG) has transitioned from using Meta's model to Alibaba's Tongyi Qwen open-source architecture, marking a significant expansion of China's open-source AI model influence globally [3] - Alibaba's AI assistant app, Qwen, has surpassed 10 million downloads within a week of public testing, outpacing competitors like ChatGPT [3] Domestic Chip Development - According to CITIC Securities, the progress in domestic AI chip autonomy is promising, with Alibaba's self-developed AI inference chips and continuous iterations from Huawei and Cambricon expected to reduce reliance on overseas computing power [3] - Western Securities noted that self-developed chips can replace external supplies, ensuring continuity and predictability in model iteration and large-scale deployment [3] Future Outlook - CITIC Jiantou anticipates a trend towards domestic chips in the medium term, as the maturity of domestic advanced processes makes low-end NVIDIA chips less cost-effective in China [3] - The rapid growth in domestic computing power consumption is expected to accelerate the volume of domestic AI chips [3] Investment Focus - The Science and Technology Innovation Artificial Intelligence ETF and its linked funds focus on the domestic AI industry chain, with over 70% of the top ten holdings concentrated in semiconductor stocks, indicating a strong offensive strategy [3]